KLD Energy Technologies, Inc. and Samsung SDI Announce Relationship
-- Cooperation to Develop Battery Solutions for Two-Wheeled Electric Vehicles and Other Markets --
AUSTIN, Texas, Aug. 8, 2012 /PRNewswire/ -- KLD Energy Technologies, Inc. (KLD) and Samsung SDI announced today they have entered into a cooperative relationship to jointly develop state-of-the-art battery systems which will incorporate Samsung SDI's industry-leading lithium-ion battery cells and KLD's innovative electric vehicle drive technologies.
Samsung SDI is a global manufacturer of rechargeable batteries for electronics and vehicles. Samsung SDI brings to the relationship its extensive large-scale production experience, as well as, manufacturing competence in the area of lithium-ion cell production.
"Samsung SDI is dedicated to provide the highest quality battery solution to the industry with its leading battery technology and manufacturing capability. We are pleased to work with industry leaders like KLD," said JH. Seo, President of U.S. Operation, Samsung SDI.
KLD's revolutionary motor system—comprising the motor, battery pack and controller—significantly advances practical use of electric propulsion with potentially enormous environmental and social implications. The system is applicable in a broad range of high‐volume products that rely on efficient, high‐torque motors. Those industries include, but are not limited to, motorcycles and scooters, equipment for wind‐energy generation, elevators and escalators, air conditioners, pumps and three‐ and four‐wheel vehicles.
Christian Okonsky, KLD's CEO, remarked, "KLD is excited to be working with Samsung SDI. Their reputation and focus on safety and quality are of the upmost importance to KLD. Our relationship with Samsung SDI will enable KLD to provide one of the safest and most cost-effective battery system solutions in the industry today, and it will also allow KLD to continue on its path to be a world leader in Electric Propulsion and Generation Systems."
About Samsung SDI
Samsung SDI Co., Ltd., which is headquartered in South Korea, is an affiliate of Samsung Group and is the global leading manufacturer of Lithium Ion Battery for IT application such as Cell Phone, Note PC and Industrial Application. Samsung SDI is focused on the next generation of lithium ion technology for electric vehicles and energy storage. Samsung SDI has been proudly selected in the DJSI (Dow Jones Sustainability Indexes) for the first time as a Korean company and has been listed successively for 8 years. For additional information, visit http://www.samsungsdi.com.
About KLD Energy Technologies, Inc.
Austin, Texas-based KLD Energy Technologies' mission is to develop innovative, sustainable technologies. The company, focused on the research, development and commercialization of advanced technologies, has received acclaim and worldwide interest in its first product, a complete system that redefines the performance of electric propulsion and generation systems in dozens of industries. The system is designed for high-frequency operations, offering revolutionary system efficiency. KLD Energy Technologies is dedicated to bringing clean technologies to a global marketplace. For more information, visit www.KLDEnergy.com.
Contact: Tom Carothers
SOURCE KLD Energy Technologies, Inc.
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